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For anyone interested, here it is .
Posted by 'wan' on the advfn chatboard.
Starts 12 mins 24 secs.
https://the-marketbeat.zencast.website/episodes/3-small-caps-with-big-upside

I'd say the market has received news of the placing well, as evidenced by the current share price which remains meaningfully higher than 100p this morning.

... on ITV1. Said they were suspending and not taking orders.

32m end of June, 8m burnt per month , that means the cash runs out at the end of October... where are we now? ...er...ah!

Better than expected - they are cashed up, certainly.
And a welcome market reaction this morning.

Yes, a morning reaction here but, as often, when translated to this side of the pond it's only +20% instead of +40%..
Churlish to complain though.

It's not listed on aim - main market.

Ha, well of course!
But if it's 'just' the economic climate then provided it can be navigated this is a screaming bargain.

The fundraise in early August raised £20m at a fixed price of 138p when the share price was 145p.
The company still had £23m net cash at 30/09/22, but if they did need more it would surely be at a similarly tight discount.
Operationally the company is firing on all cylinders.
I don't get it, why aren't investors buying in to this story?

They couldn't have tried to sell themselves at a worse time. So unfortunate.

Try to keep perspective people. First thing this morning, I was already on a very substantial loss with this share (I suspect many others were too) and the difference between a substantial loss and a total loss isn't massive. In fact, the gains elsewhere in my portfolio today more than covers today's worsening position on MADE. Diversification is the name of the game - the stockmarket will always trip you up.

For all of yesterday and the first hour today, 1100 shares - at 80p - was the maximum possible.
Now, if I wanted to I could sell my entire holding for 80.25p.
Tricky navigating the low liquidity of SED.

Good points. The test is not an insignificant cost, so you'd think the pool of people who might benefit would've been pre-selected or filtered according to some criteria. We do need to see some quarterly figures.

"Renalytix plc today announced that, building on recently established private payer and Medicaid insurance coverage contracts for KidneyIntelX, the Federal Medicare Administrative Contractor (MAC) National Government Services (NGS) has initiated payment of claims for KidneyIntelX testing for patients with Medicare coverage that have met appropriate medical necessity criteria."
Does this mean there's a flood of money coming the company's way? If the unchanged share price is an indication, probably not.

Yup, the Schroder Juniors sold Kymab and a couple of others, soon after they took over management. They were desperate for liquidity.
Don't think there'll be much in the way of buy-backs, the Schroder Juniors have said they want to prioritise funding for follow-on investments/cash calls on their yet-to-be-profitable holdings.

As part of efforts to resolve its liquidity problems, the equity income fund sold a portfolio of unlisted assets which it held in common with the trust to the trust, in exchange for shares in the trust. Meaning the trust ended up with even more of the rubbish investments it already had, as the fund offloaded these. Of course in the end, as it wound up, the fund had to sell those shares.

No current news about SUPP pasa, except to note that the price is down 7% today - just 15.2p to sell, which I think is an all-time low.

Perhaps it'll come good one day, but this has been an awful investment for longer-term holders, with little to make one hopeful of a reversal.

Made a few "test sales" this morning with Barclays: maximum allowable was a paltry1100 shares for £880...
Has anybody had a similar experience when trying to sell ?

"I know that before Schroder's got hold of it, some UK councils were invested in this, but they suddenly pulled out and made the whole thing collapse.."
No pasa, you're mistaking this trust with the open-ended woodford equity income fund, which was suspended, then closed, following request for withdrawal of £240m (from memory) from Kent county council.
The shareholders of this closed-ended trust (which has not 'collapsed'), are as shown on the shareholders register.
Do a little research mate.

Thanks APD708. Thing is though, all this was known before the Trading Update, yet this share price dropped after. Therefore what was in that Update that spooked the markets? Damned if I can find anything...
Re the debt repayments: they don't break it down by quarter but simply said in the update that "repayments of $45 million have now been made" against the $210m Acuant purchase debt. I think they bought Acuant around a year ago - at least judging by the successful placing of shares at 725p per share to part fund the deal on 19/11/21.
Thanks, yes I will try to look on the bright side and was rather hoping for another bid... but who knows, they rejected one recently....

Thanks.

Flummoxed by the share price reaction.
The Acuant acquisition risk, the debt denominated in dollars (despite their revenue also being denominated in dollars) - all of it was known before the Half Year Trading Update. The update simply informed of growing revenue, profit picture improving, debt getting paid down.... and the share price tanks 25% over the next 3 days. What the heck am I missing?